Walleye Capital LLC Takes Position in Frontdoor, Inc. (NASDAQ:FTDR)

Walleye Capital LLC acquired a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDRGet Rating) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 21,684 shares of the company’s stock, valued at approximately $647,000.

Several other institutional investors also recently made changes to their positions in FTDR. Raymond James & Associates grew its stake in shares of Frontdoor by 38.7% during the 4th quarter. Raymond James & Associates now owns 7,713 shares of the company’s stock valued at $283,000 after buying an additional 2,153 shares during the period. BNP Paribas Arbitrage SA grew its stake in shares of Frontdoor by 874.5% during the 4th quarter. BNP Paribas Arbitrage SA now owns 24,334 shares of the company’s stock valued at $892,000 after buying an additional 21,837 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Frontdoor by 1,569.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,218,912 shares of the company’s stock valued at $44,673,000 after buying an additional 1,145,894 shares during the period. Rhumbline Advisers lifted its holdings in shares of Frontdoor by 1.5% during the 4th quarter. Rhumbline Advisers now owns 80,147 shares of the company’s stock valued at $2,937,000 after acquiring an additional 1,182 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Frontdoor by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 503,011 shares of the company’s stock valued at $18,436,000 after acquiring an additional 11,559 shares in the last quarter. 98.68% of the stock is owned by hedge funds and other institutional investors.

Frontdoor Stock Performance

Shares of FTDR stock opened at $22.00 on Wednesday. Frontdoor, Inc. has a 12 month low of $20.30 and a 12 month high of $46.63. The company has a debt-to-equity ratio of 100.00, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.79 billion, a P/E ratio of 15.83, a P/E/G ratio of 0.94 and a beta of 0.53. The company’s fifty day moving average price is $24.96 and its two-hundred day moving average price is $26.45.

Frontdoor (NASDAQ:FTDRGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.04). Frontdoor had a return on equity of 1,072.00% and a net margin of 7.16%. The firm had revenue of $487.00 million during the quarter, compared to analyst estimates of $476.55 million. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, research analysts anticipate that Frontdoor, Inc. will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FTDR has been the topic of several recent research reports. The Goldman Sachs Group lowered shares of Frontdoor from a “neutral” rating to a “sell” rating and reduced their target price for the company from $27.00 to $21.00 in a report on Thursday, June 9th. Raymond James reduced their target price on shares of Frontdoor from $31.00 to $27.00 and set an “outperform” rating on the stock in a report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $33.50.

Frontdoor Company Profile

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Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and central heating, ventilation, and air conditioning systems.

See Also

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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